Axxcess Wealth Management LLC Has $512,000 Holdings in Bunge Limited (NYSE:BG)

Axxcess Wealth Management LLC lifted its holdings in shares of Bunge Limited (NYSE:BGGet Rating) by 13.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,645 shares of the basic materials company’s stock after purchasing an additional 669 shares during the period. Axxcess Wealth Management LLC’s holdings in Bunge were worth $512,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of BG. Capital World Investors lifted its holdings in Bunge by 6.2% in the first quarter. Capital World Investors now owns 17,109,705 shares of the basic materials company’s stock valued at $1,895,926,000 after buying an additional 1,006,276 shares during the period. Vanguard Group Inc. lifted its holdings in Bunge by 5.2% in the first quarter. Vanguard Group Inc. now owns 14,105,841 shares of the basic materials company’s stock valued at $1,563,069,000 after buying an additional 696,806 shares during the period. BlackRock Inc. lifted its holdings in Bunge by 19.1% in the first quarter. BlackRock Inc. now owns 12,304,121 shares of the basic materials company’s stock valued at $1,363,417,000 after buying an additional 1,975,635 shares during the period. State Street Corp increased its stake in Bunge by 6.4% in the first quarter. State Street Corp now owns 4,182,611 shares of the basic materials company’s stock valued at $463,059,000 after purchasing an additional 249,813 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in Bunge by 10.4% in the second quarter. Van ECK Associates Corp now owns 1,120,028 shares of the basic materials company’s stock valued at $101,575,000 after purchasing an additional 105,605 shares in the last quarter. Institutional investors and hedge funds own 83.48% of the company’s stock.

Bunge Stock Down 0.4 %

Bunge stock opened at $101.18 on Thursday. Bunge Limited has a fifty-two week low of $80.41 and a fifty-two week high of $128.40. The stock has a market cap of $15.16 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 1.09 and a beta of 0.70. The firm’s 50-day simple moving average is $92.76 and its 200 day simple moving average is $97.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.86 and a current ratio of 1.63.

Bunge (NYSE:BGGet Rating) last released its quarterly earnings results on Wednesday, October 26th. The basic materials company reported $3.45 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.86. Bunge had a net margin of 2.22% and a return on equity of 25.11%. The business had revenue of $16.76 billion for the quarter, compared to analysts’ expectations of $15.73 billion. During the same period in the previous year, the company earned $3.72 earnings per share. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. Research analysts predict that Bunge Limited will post 13.89 EPS for the current fiscal year.

Bunge Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 2nd. Investors of record on Thursday, February 16th will be issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Wednesday, February 15th. Bunge’s dividend payout ratio (DPR) is presently 25.43%.

Analysts Set New Price Targets

Several research firms have weighed in on BG. TheStreet raised shares of Bunge from a “c+” rating to a “b” rating in a research note on Wednesday, October 26th. Bank of America decreased their price target on shares of Bunge from $138.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 24th. Wolfe Research began coverage on shares of Bunge in a research note on Friday, August 12th. They issued an “outperform” rating and a $127.00 price target for the company. Finally, StockNews.com raised shares of Bunge from a “hold” rating to a “buy” rating in a research note on Thursday, October 27th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $120.71.

Insider Buying and Selling

In other Bunge news, insider Julio Garros sold 1,017 shares of the business’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $103.90, for a total value of $105,666.30. Following the transaction, the insider now directly owns 53,780 shares in the company, valued at $5,587,742. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Bunge Profile

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Bunge Limited operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains primarily wheat and corn; and processes oilseeds into vegetable oils and protein meals.

Further Reading

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Institutional Ownership by Quarter for Bunge (NYSE:BG)

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